Operations and Internal Control Audit

CHICAGO, Jan. 11, 2011 /PRNewswire/ -- Cortland, a leading independent investment servicing company, announced today the completion of the Company's Type II SAS 70 audit examination for the fiscal year ending December 31, 2010.   This year's independent audit represents the second consecutive Type II SAS 70 examination of Cortland's operations and internal controls by a leading public accounting firm; each of which noted zero exceptions.      

"Cortland's clients include many of the world's largest financial institutions and banks," said Suzanne Smith, Managing Director Bank Loan Servicing.  "We view our Type II SAS 70 examination as a necessity for the maintenance of our institutional quality platform."  

Cortland's central operations unit and all major business groups were covered in the examination, including Fund Administration, C&I Bank Loan Servicing, Escrow Services, Cash Collateral Management, and Asset Servicing.  

"Our fund administration business model is entirely focused on delivering high quality and accurate information within a time frame that supports our clients' demanding schedules and individual requirements," said Tom Pearson CPA, President Cortland Fund Services.  "Institutional quality financial statements that are consistently delivered on a timely basis require a robust and highly controlled operating environment; we are proud to have our controls and processes recognized."

The examination was conducted by a leading public firm in accordance with standards established by the American Institute of Certified Public Accountants.

About Cortland Capital Market Services LLC

Chicago-based Cortland is a leading independent investment servicing company. The company provides fund administration, bank loan servicing, securitization services, and middle-office support to financial institutions including commercial lenders, proprietary trading and alternative investment managers, banks, and credit unions. Cortland administers over US$ 5.2 billion (AUA) for 80 + clients, as of December 31, 2010. More information on the company, and its wholly owned subsidiary Cortland Fund Services LLC, is available at www.cortlandglobal.com.

SOURCE Cortland Capital Market Services LLC

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